Terms and Conditions

These Terms and Conditions (“T&C”) govern your rights and obligations when using the services provided by Mintply – FZCO, located in Building A1, Dubai Silicon Oasis, Dubai, United Arab Emirates (“Mintply,” “we,” “our,” or “us”). By accessing and using the services offered by Mintply, you acknowledge that you have read, understood, and agree to be bound by these T&C, which form a legally binding contract between you (“Client,” “you,” or “your”) and Mintply.

These Terms and Conditions apply globally, and Mintply’s services are offered to clients worldwide, except in certain jurisdictions where legal restrictions may apply.

 

1. Introductory Provisions

1.1 Legal Relationship: By registering on the Mintply platform and using our services, you enter into a binding contractual agreement with Mintply. These T&C are an integral part of that contract.

1.2 Services Provided: Mintply provides access to a simulated trading platform, offering educational resources, analytical tools, and the ability to participate in a two-step Evaluation Process. You acknowledge that all trading performed on Mintply’s platform involves fictitious capital and is conducted in a simulated environment, and any rewards based on your simulated performance are subject to the conditions outlined in these T&C.

1.3 Global Jurisdiction: Mintply’s services are available to clients globally. However, services may be restricted or prohibited in certain jurisdictions due to legal or regulatory limitations. Mintply reserves the right to refuse services to clients in such jurisdictions, including individuals or entities from regions sanctioned by international bodies or local governments.

1.4 Governing Law: These T&C are governed by the laws of the United Arab Emirates (“UAE”). Any disputes arising out of or in connection with these T&C shall be submitted to the exclusive jurisdiction of the courts of the UAE, specifically in Dubai.

1.5 Client Responsibilities: By using our services, you confirm that:

• You are over the age of 18.
• You have full legal capacity to enter into a binding contract.
• Your use of the services complies with all applicable laws in your jurisdiction.
• You will provide accurate and complete information during the registration process and promptly update your details in the event of any changes.

1.6 Changes to the T&C: Mintply reserves the right to modify these T&C at any time. Any changes will be communicated to clients via email or notification on the platform at least 7 days before they take effect. Continued use of the services after changes are implemented constitutes your acceptance of the revised T&C.

 

2. Registration, Eligibility, and Client Obligations

2.1 Registration: In order to access the services provided by Mintply, you must complete the registration process and create an account. The registration process requires you to provide your personal or company details, which will be used to create your unique Mintply profile.

2.2 KYC/KYB Requirements: As part of Mintply’s regulatory compliance measures, all clients must complete the Know Your Customer (“KYC”) or Know Your Business (“KYB”) verification process. Failure to provide accurate or verifiable information may result in denial or suspension of access to Mintply’s services.

• Natural Persons: You must provide a valid government-issued identification document, proof of nationality, and proof of residential address.
• Entrepreneurs: You must provide a valid government-issued identification document, proof of registration as an entrepreneur, and proof of residential address.
• Companies: You must provide valid identification for the company’s representative, proof of the company’s legal registration, and proof of address for both the company and its representative.

2.3 International Clients: Mintply provides services to clients globally, with the exception of individuals or entities from jurisdictions where sanctions, legal prohibitions, or regulatory restrictions apply. Mintply does not provide services to nationals or residents of countries subject to international sanctions, such as North Korea, Iran, Syria, Myanmar, and others. Additionally, Mintply reserves the right to refuse or terminate services to individuals listed on international sanction lists or those with a history of financial crimes.

 

3. Mintply Services

3.1 Simulated Trading Platform: Mintply operates a trading platform that allows clients to trade with fictitious capital in a simulated environment. The simulated trades provide clients with the opportunity to develop their trading skills, improve risk management strategies, and participate in the Mintply Evaluation Process.

3.2 Educational Resources and Tools: Mintply offers access to various educational materials, tutorials, and analytical tools to help clients enhance their trading knowledge. These tools are provided for informational purposes only, and Mintply does not guarantee the accuracy or reliability of any information provided.

3.3 Evaluation Process: The core service offered by Mintply is the two-step Evaluation Process, consisting of the Mintply Challenge and the Verification Phase. The goal of this process is to evaluate a client’s trading skills and determine whether they qualify for a Mintply Account.

• Mintply Challenge: The first stage of the Evaluation Process, in which clients trade on a demo account with virtual capital. Clients must meet certain predefined trading objectives, including profit targets and drawdown limits. There is no time limit for completing the Challenge, but a minimum of four trading days is required.
• Verification Phase: After passing the Mintply Challenge, clients progress to the Verification Phase, where consistency and risk management skills are further tested. The trading objectives in this phase are more lenient than in the Challenge, and there is no time limit.

3.4 Mintply Account: Clients who successfully complete both stages of the Evaluation Process will be granted access to a Mintply Account. This account allows clients to trade with fictitious capital under real market conditions, and based on their performance, they may be eligible to receive real monetary rewards.

 

4. Trading Rules and Risk Management

4.1 Trading Conditions: All trades on the Mintply platform are executed in a simulated environment. Market quotes are provided in real-time, but clients do not trade with actual funds. The goal of simulated trading is to evaluate the client’s ability to perform under realistic market conditions without financial risk.

4.2 Trading Objectives: Clients must adhere to specific trading objectives during both the Mintply Challenge and the Verification Phase. These objectives include:

• Achieving a defined profit target.
• Maintaining a maximum allowable drawdown.
• Meeting risk management requirements (e.g., stop-loss, risk per trade).

4.3 Prohibited Trading Practices: The following practices are prohibited on the Mintply platform:

• Market Manipulation: Engaging in activities that artificially influence market prices.
• Arbitrage Strategies: Exploiting inefficiencies in pricing or data delays.
• Prohibited EA Usage: Using third-party Expert Advisors (EAs) that violate Mintply’s trading rules.

Clients found to be engaging in prohibited practices may face suspension or termination of their Mintply Account, with no refund of fees paid.

 

5. Profit Sharing and Withdrawals

5.1 Profit Entitlement: Upon successful completion of the Evaluation Process, clients are entitled to a share of the profits generated in their Mintply Account. The profit share is capped at 90%, with Mintply retaining the remaining percentage.

5.2 Profit Split Timeline: Profits are typically distributed on a monthly basis. However, clients may request an on-demand payout after 14 calendar days of trading. Any withdrawal requests must meet the minimum profit thresholds outlined by Mintply, and all payouts are subject to transaction fees.

5.3 Withdrawal Methods: Clients can withdraw profits via bank transfer, cryptocurrency payments, or online payment services such as Skrill. Mintply does not charge commissions for withdrawals, but external service fees may apply.

 

6. Scaling Plan

6.1 Eligibility for Scaling Plan: Mintply offers a Scaling Plan for clients who consistently demonstrate profitable and responsible trading. Under this plan, Mintply may increase the client’s virtual capital or adjust their profit split percentage based on performance.

6.2 Scaling Plan Criteria: To qualify for the Scaling Plan, clients must:

• Maintain consistent profitability.
• Adhere to Mintply’s risk management guidelines.
• Have traded for a minimum number of calendar months, as specified in the Scaling Plan Terms.

6.3 Account Limits: The maximum capital allocation per client is $400,000, which can be increased through the Scaling Plan based on consistent performance.

 

7. Legal Obligations and Compliance

7.1 Anti-Money Laundering (AML) and Know Your Customer (KYC) Compliance: Mintply complies with international regulations regarding AML and KYC procedures. All clients must undergo identity verification before being granted access to a Mintply Account.

7.2 Legal Compliance: Clients are responsible for ensuring that their use of Mintply’s services complies with local laws and regulations. Mintply reserves the right to terminate any account found in violation of local laws or international sanctions.

 

8. Liability and Risk Acknowledgment

8.1 Risk Disclaimer: Trading, even in a simulated environment, involves significant risks. While the Mintply platform operates with fictitious capital, clients should understand that the performance of trades may not directly correlate with live market performance. Trading on financial markets can result in substantial losses, and past performance is not indicative of future results. Mintply is not responsible for any losses or unfavorable outcomes experienced by the client in the simulated environment.

8.2 Liability: Mintply shall not be liable for any indirect, special, incidental, or consequential damages arising from the use of the platform, even if Mintply has been advised of the possibility of such damages. This includes, but is not limited to, loss of profits, loss of business opportunities, loss of data, and loss of goodwill.

8.3 Technical Failures: Mintply strives to provide continuous access to its platform, but technical failures, interruptions, or system malfunctions may occur. Mintply is not responsible for any interruptions in the service, including server issues, connectivity problems, or delays in data transmission. Mintply reserves the right to perform necessary maintenance, which may temporarily disrupt service access.

8.4 Client Responsibility: Clients are solely responsible for their use of the platform, including compliance with local regulations and laws governing trading activity. Mintply will not be held accountable for any breaches of local laws by the client, including tax obligations and reporting requirements in their country of residence.

 

9. Termination of Services

9.1 Termination by Client: Clients may terminate their relationship with Mintply at any time by discontinuing the use of the platform and notifying Mintply through the designated channels. Any outstanding fees or obligations owed to Mintply must be settled before the termination is finalized.

9.2 Termination by Mintply: Mintply reserves the right to suspend or terminate a client’s account at any time without prior notice if the client is found to be in violation of these T&C or engaged in any prohibited trading practices, fraudulent activities, or other actions that are deemed harmful to the integrity of the platform or Mintply’s operations.

9.3 Effect of Termination: Upon termination, the client’s access to the platform will be immediately revoked, and any simulated capital or virtual account balance will be forfeited. The client will no longer have access to any educational resources, tools, or support services provided by Mintply. Termination does not absolve the client of any liability for previously incurred obligations.

 

10. Intellectual Property

10.1 Ownership: All content, design, technology, tools, and intellectual property made available on the Mintply platform, including but not limited to trademarks, logos, and software, are the exclusive property of Mintply or its licensors. Clients are granted a limited, non-exclusive license to use the platform for personal or business purposes as described in these T&C, but no ownership rights are transferred.

10.2 Restrictions: Clients may not copy, modify, distribute, reverse-engineer, or create derivative works based on Mintply’s intellectual property, except as explicitly permitted by Mintply. Unauthorized use of Mintply’s intellectual property is prohibited and may result in legal action.

10.3 User Content: Any content uploaded or provided by clients to the platform, such as comments, feedback, or suggestions, shall become the property of Mintply, and Mintply reserves the right to use such content for commercial or non-commercial purposes.

 

11. Data Protection and Privacy Policy

11.1 Data Collection: Mintply collects and processes personal data in accordance with the UAE Data Protection Law and other applicable regulations. Information collected includes but is not limited to name, address, identification details, and trading activity. This data is used to verify the client’s identity, facilitate the use of the platform, and comply with regulatory obligations.

11.2 Data Usage: Mintply may use personal data to improve platform services, monitor compliance with these T&C, and provide personalized services to clients. Personal data will not be shared with third parties without the client’s explicit consent, except where required by law or in connection with regulatory or legal investigations.

11.3 Data Security: Mintply implements robust security measures to protect client data from unauthorized access, loss, or disclosure. However, Mintply cannot guarantee absolute data security and shall not be held responsible for any breaches caused by external malicious actors.

11.4 Client Rights: Clients have the right to access, update, or request deletion of their personal data. Any requests related to data management must be directed to Mintply’s support team. Clients should be aware that certain data may be retained for regulatory or compliance purposes.

 

12. Complaints and Dispute Resolution

12.1 Complaints Process: If a client has any concerns or complaints regarding the services provided by Mintply, they are encouraged to contact Mintply’s customer support team through the designated channels. Mintply will make every effort to resolve complaints in a timely and satisfactory manner.

12.2 Dispute Resolution: In the event that a dispute cannot be resolved through the internal complaints process, the parties agree to attempt mediation before proceeding to formal litigation. If mediation is unsuccessful, the dispute will be referred to the courts of Dubai, UAE, as the exclusive jurisdiction for resolving legal disputes.

12.3 Applicable Law: These T&C are governed by the laws of the United Arab Emirates. Any legal proceedings or disputes arising from the use of Mintply’s services shall be adjudicated exclusively in Dubai courts, UAE.

 

13. Fees, Payments, and Refund Policy

13.1 Service Fees: Mintply charges fees for access to the platform, educational tools, and the Evaluation Process. The specific fees depend on the package chosen by the client and are displayed on the Mintply website. All fees must be paid in advance, and once a service is accessed, the fees are non-refundable.

13.2 Currency and Payment Methods: Fees are charged in USD or other accepted currencies. Payment can be made via bank transfer, cryptocurrency, or authorized online payment services such as PayPal or Skrill. Any fees charged by third-party payment processors are the responsibility of the client.

13.3 Refunds: Once a client accesses Mintply services, no refunds will be issued. Exceptions may be made at Mintply’s discretion in the event of technical issues or service interruptions that significantly impair the client’s ability to use the platform. In such cases, Mintply may offer partial refunds or credit for future services.

 

14. Severability and Force Majeure

14.1 Severability: If any provision of these T&C is found to be invalid or unenforceable, the remainder of the T&C will remain in effect. The invalid or unenforceable provision will be replaced with a valid and enforceable provision that reflects the original intent of the parties as closely as possible.

14.2 Force Majeure: Mintply will not be liable for any failure or delay in performing its obligations under these T&C if such failure or delay is caused by events beyond its reasonable control, including but not limited to natural disasters, acts of government, war, civil unrest, labor disputes, and technical failures.

 

15. Entire Agreement

15.1 Entire Agreement: These T&C, along with any documents expressly referenced herein, constitute the entire agreement between the client and Mintply regarding the use of the platform and supersede any prior agreements or understandings, whether written or oral.

15.2 No Waiver: The failure of Mintply to enforce any right or provision of these T&C will not constitute a waiver of that right or provision. Any waiver must be in writing to be effective.